Economic Calendar
On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a noteworthy move was the latest one, September 30 2021.
On Thursday, at 13:30 GMT the US Durable Goods Orders and Core Durable Goods orders data will be published. However, during the prior months the data release has not caused increases of volatility.
Click on the link below to find out more about data releases of this and other currency exchange rates.
USD/JPY short-term review
If the USD continues to gain against the Japanese Yen, the pair would have no technical resistance as high as the weekly R2 simple pivot point at 114.86. However, the pair needs to clearly pass the weekly R1 simple pivot point at 114.30.A potential decline of the rate might look for support in the 114.00 mark and the zone at 113.88/113.95. Slightly below, take into account the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 113.85/113.72.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the USD/JPY currency rate has reached the October high level zone.Daily chart
On Wednesday, on the Swiss Foreign Exchange, traders were short, as 73% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the rate were 63% to sell.
On Tuesday, traders were 74% short, and pending orders were 56% to sell.